I hope everyone had a great 4th of July weekend.
Right now the markets are continuing to look great. Price action continues to indicate higher prices. Dips are being bought. The risk continues to be ‘headlines’ and trade/tariff rhetoric.
The S&P is up 20 percent and a lot of hedge fund summer vacations may be cancelled as managers play catch up to the indexes.
As always, Ivanhoff and I tour the markets and share what we see around the world of momentum. It is hard to miss it right now, but like always, the markets can be frustrating. Do not chase.
In big caps, Facebook, Disney and $PAGS are three stocks that I own that look poised to continue higher from good setups.
CLICK HERE for this week’s Momentum Monday.
Have a great week.
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.